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762 Puerta De Lomas

Fallbrook, CA 92028
  • $1,000,000
  • STATUS: Active
  • ON SITE: 14 Days
  • ID#: SW22234581
UPDATED: 185 min ago
$1,000,000
  • 0
    BEDS
  • 7.19
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Multi-Family
Built:
1983
County:

School Ratings & Info

Listing Agent(s): Joseph Onello of Kw Temecula (951-304-1200)


Description

INCREDIBLE 6-UNIT INVESTMENT OPPORTUNITY! Sprawling property with lots of separation between units, beautiful orchard views and CASH FLOW! Your tenants will enjoy loads of privacy on this massive 7-acre homestead. Projected full 2022 income is 128K! Actual income up to November is 119K without counting 1 owner occupied unit that could rent for $2,500-3,000 a month! Unit 6 is not included in income as it is currently owner occupied. Current NOI is $105,848 without unit 6 rent. Currently a 10 CAP. See for yourself that this is the perfect investment opportunity!

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Based on information from California Regional Multiple Listing Service, Inc. as of 2022-12-03T00:28:48.4. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Beach City Brokers | BCB Premier Estates | The Miller Group. Licensed in the State of California, USA.
www.tolivebythesea.com/homes/134898140
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762 Puerta De Lomas Fallbrook, CA 92028

  • Price: $1,000,000
  • Status: Active
  • On Site: 14 Days
  • Updated: 185 min ago
  • ID#: SW22234581
0
Beds
0
Baths
0
½ Baths
7.19
Acres
1983
Built
Neighborhood:
Fallbrook
County:
San Diego
Area:
92028 - Fallbrook
Property Description
INCREDIBLE 6-UNIT INVESTMENT OPPORTUNITY! Sprawling property with lots of separation between units, beautiful orchard views and CASH FLOW! Your tenants will enjoy loads of privacy on this massive 7-acre homestead. Projected full 2022 income is 128K! Actual income up to November is 119K without counting 1 owner occupied unit that could rent for $2,500-3,000 a month! Unit 6 is not included in income as it is currently owner occupied. Current NOI is $105,848 without unit 6 rent. Currently a 10 CAP. See for yourself that this is the perfect investment opportunity!
Exterior Features

Lot Features 6-10 Units/AcreSecluded Number Of Separate Electric Meters 0 Parking Total 2 Pool Features None Pool Private YN No Property Attached YN No

Interior Features

Common Walls No Common Walls

Property Features

Additional Parcels YN No Cable Tv Expense 2700 Cap Rate 13 Common Interest None Community Features Rural Electric Expense 7475 Fuel Expense 0 Garage YN Yes Gross Income 119160 Gross Scheduled Income 149160 Insurance Expense 3000 Land Lease YN No Laundry Features Laundry Room Listing Agreement Exclusive Right To Sell Listing Service Full Service Listing Terms Cash1031 ExchangeOwner May Carry Net Operating Income 132848 New Construction YN No Number Of Separate Gas Meters 0 Number Of Separate Water Meters 0 Number Of Units Leased 5 Operating Expense 16311 Other Expense 408 Property Sub Type Mixed Use Rent Control YN No Senior Community YN No Sewer Private Sewer Special Listing Conditions Standard Total Actual Rent 11565 Trash Expense 408 Water Sewer Expense 2728 Water Source Public Zoning Rr



Based on information from California Regional Multiple Listing Service, Inc. as of 2022-12-03T00:28:48.4. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Beach City Brokers | BCB Premier Estates | The Miller Group. Licensed in the State of California, USA.
 
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Beach City Brokers | BCB Premier Estates | The Miller Group
1716 South Catalina Avenue
Redondo Beach CA, 90277
Listing Agent(s): Joseph Onello of Kw Temecula (951-304-1200)